Coforge's 100% Cash Flow Target Has One Hurdle: Delayed Collections
Coforge moved higher.
· NDTV Profit
The transfer of Encora contracts from US entities to India has delayed some invoicing and customer collections at Coforge, resulting in an increase in unbilled revenue during the September quarter.
The analysis
Coforge reported movement of 100%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.4% on the day at ₹1,900.50, and has returned +29.7% over three months. It sits 6% below its 52-week high. The it sector has moved +4.6% over the same period, so Coforge is running 25.1 points ahead of its peers.
For Coforge, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is COFORGE.
- Sector exposure: IT.
In this story
Related coverage
Coforge Q2 results: Net profit surges 56.5% to ₹588 cr, revenue up 53.6%
IT mid-caps vs large-caps: TCS, Infosys, Wipro vs Persistent, Coforge, Tata Tech - Who leads the Q2 results 2026 race?
TCS, Infosys, Wipro, HCL Tech, Mphasis, Coforge shares rallied up to 5% today; here's why
Infosys Q2 Results: Net Profit Flat At Rs 7,823 Crore, Revenue Up 2% YoY; Dividend Declared
Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share